After the rise of Blockchain, Decentralized Finance or DeFi has spurred the interest of one too many in the crypto ecosystem. With a steady rise in the number of DeFi apps, it is perhaps safe to say that 2021 will be the year of DeFi apps. We have listed the best DeFi apps that crypto, blockchain and smart contracts enthusiasts should definitely know about.
Now then, DeFi apps can be classified into a plethora of sub-niches such as: Finance, Gaming, Exchanges, Gambling, and Social. Down below we are looking at some of the best DeFi apps in the financial niche. So, without further ado let’s get started.
7 Of the Best Defi Apps in 2021
An Ethereum application that gamifies the aspect of saving money through a fun game, Pool Together gives incentives to users each time they save some money.
You can buy a “savings ticket” and then join a pool. Each savings ticket has the potential to win a prize for you, but in case you don’t win, you get to keep all your money. Pool Together offers a win-win scenario where one would save money and get the chance to win a prize on the side. All in all, it is one of the best DeFi apps with a gaming twist.
DeFizap is a great application that helps you get instant exposure across multiple DeFi protocols so that you can invest freely and intelligently in.
It tweaks its results based on your investment goals and presents to you a list of prospective DeFi protocols that yield the best returns.
3) Nexus Mutual
A nifty way to protect yourself against bugs in smart contracts, Nexus mutual is one of the best DeFi apps for insurance against smart contracts glitches. Hence, users relying on Nexus Mutual don’t lose their funds in one such offkey scenario.
Powered by Ethereum blockchain, Nexus Mutual helps people mitigate and share risks together without the need for a third-party insurance company.
With numerous Defi assets out on the market, it surely gets confusing managing them all from separate dashboards one by one. DeFisnap is an intuitive platform that ensures that there is one universal dashboard to display all such apps at one place.
You can easily track and visualize all your DeFi assets and liabilities in one simple user interface and seamlessly switch between them.
As the name implies, ENS.domains offers a secure & decentralized way to simplify long addresses of both the receiver and the sender both on and off the blockchain using words and human-readable names. No need to type in long addresses or copy them for ENS eliminates that all.
For instance, ENS enables you to send money to your friend at ‘yourname.eth’ instead of a random and alphanumeric address such as ‘0z9bke38c6524o…’.
What’s more, ENS also lets users interact with their favorite contract at ‘yourcontract.eth’, or visit a Swarm-hosted website at ‘yourdomain.eth’. All together, ENS is definitely one of the best DeFi apps that is both exciting and promising.
A smart yield farming dashboard for monitoring your liquidity pool, token staking performance, and yield farming, YieldWatch offers a sporty and slick UI for easy browsing and skimming through data. Highly optimized for mobile use, Yieldwatch is one of the best DeFi apps for smartphone usage.
A decentralized exchange with a sleek interface, Uniswap enables users to exchange a number of ERC20 tokens. Moreover, you can also contribute to the liquidity pool, and make some money on Uniswap.
SEE ALSO: 7+ Best DeFi Lending Platforms in 2021